Over the last few weeks i have been getting calls from a few ex-employees and others in general asking about vacancies at our studio.
Apparently a studio taken over by a large group with varied interests has announced a 40% cut across studio staff in their animation and gaming initiatives. The animation studio has 2 more months before they finish a project they are working on and must look elsewhere after that. if they quit before hand they will be devoid of credit on the project.
I have also heard of another animation studio famed for its size, big deals for having laid off a large number of animators as well. There was some blood letting a few months ago as well in Bombay based studios.
I wonder where this will lead as a lot of studios have now been working on their own projects. Some of the new bigger entrants had enticed people from smaller studios by paying them at times 40% more to quite and move. Now they are left holding the bag.
Should this drive the wages down ?